Kenya on track for industrial goals
18 July 2014, 17:26
Nairobi - The United Nations on Friday said Africa is on track to achieve industrial development in the coming decades.
United Nations Industrial Development Organization (UNIDO) Representative to Kenya, Eritrea and South Sudan Mpoko Bokanga told Xinhua in Nairobi that in the past decade, the continent has posted solid economic growth.
"This sustainable growth can be leveraged to push for an industrial revelation in Africa," Bokanga said during the launch of the eastern Africa's manufacturing sector report.
According to the UN agency, Africa's growth has been fueled by exports in agricultural and mineral raw materials. "Now the next step is for the continent to upscale manufacturing activities," he said.
Bokanga said on average the industrial sector in Africa contributes ten percent of the gross domestic product. "We are optimistic that the continent can achieve the 20 percent mark in the several years time," he said.
The UNIDO representative said an industrialization fund will go a long way to catalyze the manufacturing sector.
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